Starting to build positions in gold and Bitcoin The logic is simple: Governments in China, the US, South Korea, and Japan are using state power to distort markets, forcibly propping up the AI hardware bubble. This kind of sovereign nation put option, under the guise of AI national competition, is nationalizing the risks and bad debts created by private capital. This is the decay of the fiat currency system, an unjust and corrupt act. The endgame will be an even more destructive financial crisis. Fortunately, we can choose gold and Bitcoin as hedges.